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Pin to quick picksPowerhouse Ener Share News (PHE)

Share Price Information for Powerhouse Ener (PHE)

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Share Price: 1.275
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AIM WINNERS & LOSERS: SDX comes up empty; Powerhouse plans new site

Wed, 18th Aug 2021 11:07

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Powerhouse Energy Group PLC, up 6.8% at 4.00 pence, 12-month range 2.35-10.35p. The company, which transforms plastics and waste into clean energy, notes PEEL NRE plans to develop a second waste plastic to hydrogen site at the Rothesay Dock. The dock is located on the north bank of the River Clyde, West Dunbartonshire in Scotland. "The 13,500 tonne facility will be the second in the UK to use pioneering DMG technology developed by Powerhouse, after plans for a similar facility at Peel NRE's Protos site in Cheshire were approved in 2019," Powerhouse explains.

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AIM - LOSERS

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Falanx Group Ltd, down 4.8% at 1.00 pence, 12-month range 0.81p-1.76p. The cyber security and strategic intelligence services said its performance in its most recently ended financial year was hurt by delays associated with coronavirus pandemic. Falanx said revenue totalled GBP5.2 million for the year ended March 31, down from GBP5.8 million posted the year before, due to Covid-19 delays in the first half. Despite that, Falanx said it expects to report reduced a loss at an adjusted earnings before interest, tax, depreciation and amortization level for the year due to tight cost control. Going forward, Falanx said trading for the first four months of the current financial year has been encouraging and is in line with management's expectations.

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SDX Energy PLC, down 10% at 13.02 pence, 12-month range 13.02p-19.45p. Hits 12-month low as drilling at the HA-1X exploration well on the Hanut prospect at South Disouq in Egypt showed the Basal Kafr El Sheikh sand had been eroded but noted good quality sands were found at the Qawasim level, however they were not charged with gas. Chief Executive Mark Reid said: "Whilst the result of this well is disappointing, I remain positive about the remaining prospectivity in the area which has not been materially impacted."

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TMT Investments PLC, down 10% at USD9.00, 12-month range USD3.30-USD11.95. The Jersey-based investor in early-stage technology firms said its performance improved over the first half of 2021. Net asset value per share stood at USD7.49 as at June 30, up 23% from USD6.10 reported as of the end of 2020. During the first six months of 2021, the company said it had made USD14.1 million of investments across 13 new and existing portfolio companies. Since the end of June, TMT Investments said it has completed a further seven investments totalling USD8.3 million in new companies, namely Collectly, VertoFX, MetroSpeedy and Academy of Change, and existing companies, Postoplan, Novakid and Backblaze.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Powerhouse Energy Swings To Pretax Loss On Expenses

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PowerHouse Signs Vendor Deal For Thailand

LONDON (Alliance News) - PowerHouse Energy Group PLC has signed an exclusive one-year vendor agreement with Waste2Tricity (International) Thailand Limited. Under the terms of the deal, PowerHouse has granted W2T a vendor licence to sell its Pyromex technology in Thailand, with performance o

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30 Apr 2014 15:45

Powerhouse Energy Warns It Hasn't Yet Settled RenewMe Deal

LONDON (Alliance News) - Powerhouse Energy Group PLC Wednesday said it has yet to pay the EUR211,000 cash element of a bigger settlement it agreed with RenewMe Ltd to regain complete control of its Pyromex licences worldwide, and might become reliant on a convertible loan deal it has if can't rai

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4 Apr 2014 08:20

AFC receives first order for Beta+ fuel cell system from Powerhouse

AFC Energy, an industrial fuel cell power company, has received the first order for its Beta+ fuel cell test system from fellow AIM-listed PowerHouse Energy Group (PHE), which is expected to be delivered in late 2014. PHE will pay £0.15m for a system consisting of two fuel cell cartridges, which AF

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4 Apr 2014 07:28

AFC Energy Receives First Order For Beta+ From PowerHouse Energy

LONDON (Alliance News) - AFC Energy PLC Friday said it has received the first order for its Beta+ fuel cell test system from PowerHouse Energy Group PLC, for a payment of GBP150,000. The industrial fuel-cell power company said the fuel cell system, which is expected to be delivered to Power

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2 Apr 2014 11:06

PowerHouse Energy Issues New Shares To Pay Off Some Creditors

LONDON (Alliance News) - PowerHouse Energy Group PLC Wednesday said it it agreed to issue new shares to cover amounts outstanding to some of its creditors, a move it hopes will allow it to move the company forward after a recent restructuring. In a statement, the company said it had entered

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26 Mar 2014 13:35

PowerHouse Energy Signs Letter Of Intent With Polish Company

LONDON (Alliance News) - PowerHouse Energy Group PLC Wednesday said it has signed a letter of intent with a Polish group for the use of its technology in the medical waste industry. The alternative energy technology company said its subsidiary Pyromex AG was offered to provide its five tonn

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3 Mar 2014 13:28

PowerHouse Energy regains control of Pyromex licences

PowerHouse Energy jolted higher on Monday after the company regained complete control of the Pyromex licences from RenewMe, which it temporarily lost when it was unable to fulfil its payment obligations in 2012 and 2013. The news came after the company entered into a new agreement with RenewMe, whi

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3 Mar 2014 12:59

PowerHouse Settles Liability With RenewMe, Regains Control Of Licence

LONDON (Alliance News) - PowerHouse Energy Group PLC Monday said it has settled its liabilities with RenewMe Ltd, regaining complete control of its Pyromex licences worldwide. The alternative energy technology company said it has entered an agreement with RenewMe to pay it EUR211,000 in cas

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24 Feb 2014 12:53

PowerHouse Energy Enters Debenture Agreement With Hillgrove Investments

LONDON (Alliance News) - PowerHouse Energy Group PLC Monday said it has entered into a debenture with Hillgrove Investments Pty Ltd to provide security for the amounts it owes Hillgrove, a move requested after PowerHouse bought Pyromex in a transformational deal. PowerHouse owes Hillgrove

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26 Nov 2013 13:24

PowerHouse Energy Subsidiary Receives EU Certification

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6 Nov 2013 13:00

Powerhouse Energy Can't Explain 136% Share Increase Since Tuesday

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15 Oct 2013 10:45

Powerhouse Energy Says Swiss Waste-To-Energy Tests Successful

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7 Oct 2013 14:03

PowerHouse Energy Says Progressing Partnership With Pyromex

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